Purchase Originations
161
Median Total Costs
$2,787
−58.3% vs national ($6,680)
↑ $44 vs prior year
Median Rate
6.875%
+5.9% vs national (6.490%)
↓ 0.063% vs prior year
Median Origination
$840
Median Lender Credits
$55
Denial Rate
1.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 161 | 6.875% | $2,787 | $840 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,182 | 6.500% | — | 3 | −$605 | |
| 2 | $2,232 | 6.800% | — | 1 | −$555 | |
| 3 | $2,252 | 6.500% | — | 1 | −$535 | |
| 4 | $2,319 | 7.000% | — | 4 | −$468 | |
| 5 | $2,409 | 7.000% | — | 4 | −$378 | |
| 6 | $2,472 | 7.000% | — | 3 | −$315 | |
| 7 | $2,664 | 6.625% | — | 27 | −$123 | |
| 8 | $2,714 | 6.500% | — | 4 | −$73 | |
| 9 | $2,779 | 6.750% | — | 24 | −$8 | |
| 10 | $2,804 | 7.000% | — | 37 | +$17 | |
| 11 | $2,867 | 6.938% | — | 22 | +$80 | |
| 12 | $2,894 | 7.000% | — | 15 | +$107 | |
| 13 | $3,022 | 6.500% | — | 1 | +$235 | |
| 14 | $3,188 | 6.875% | — | 6 | +$401 | |
| 15 | $3,203 | 6.625% | — | 1 | +$416 | |
| 16 | $3,389 | 6.500% | — | 1 | +$602 | |
| 17 | $3,406 | 6.125% | — | 4 | +$619 | |
| 18 | $3,474 | 6.500% | — | 1 | +$687 | |
| 19 | $4,080 | 7.550% | — | 1 | +$1,293 | |
| 20 | $4,675 | 7.000% | — | 1 | +$1,888 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Forward Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $215,000 | $335,000 | −$120,000 (−35.8%) |
| Median total closing costs | $2,787 | $7,127 | −$4,340 (−60.9%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.